Peoples Financial Services (NASDAQ:PFIS) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Peoples Financial Services Corp. (NASDAQ:PFIS) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.30 and traded as low as $48.17. Peoples Financial Services shares last traded at $48.51, with a volume of 16,654 shares.

Wall Street Analysts Forecast Growth

PFIS has been the topic of several analyst reports. Hovde Group raised their price objective on Peoples Financial Services from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, November 11th. Stephens upgraded Peoples Financial Services from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded Peoples Financial Services from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Peoples Financial Services Stock Performance

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $52.71 and a 200 day simple moving average of $48.35. The company has a market cap of $468.57 million, a price-to-earnings ratio of 45.52 and a beta of 0.56.

Peoples Financial Services (NASDAQ:PFIS) last released its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.08 by $0.56. Peoples Financial Services had a return on equity of 7.73% and a net margin of 3.00%. The business had revenue of $74.01 million for the quarter. As a group, analysts predict that Peoples Financial Services Corp. will post 4.39 EPS for the current year.

Peoples Financial Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.618 per share. This represents a $2.47 annualized dividend and a yield of 5.27%. The ex-dividend date of this dividend was Friday, November 29th. Peoples Financial Services’s payout ratio is currently 239.81%.

Institutional Trading of Peoples Financial Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC raised its stake in Peoples Financial Services by 58.6% during the third quarter. Empowered Funds LLC now owns 45,345 shares of the financial services provider’s stock valued at $2,126,000 after buying an additional 16,753 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Peoples Financial Services by 14.9% during the third quarter. Geode Capital Management LLC now owns 211,451 shares of the financial services provider’s stock valued at $9,914,000 after purchasing an additional 27,463 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Peoples Financial Services by 45.0% during the third quarter. PNC Financial Services Group Inc. now owns 50,884 shares of the financial services provider’s stock valued at $2,385,000 after purchasing an additional 15,802 shares during the last quarter. State Street Corp grew its holdings in shares of Peoples Financial Services by 6.6% during the third quarter. State Street Corp now owns 181,656 shares of the financial services provider’s stock valued at $8,516,000 after purchasing an additional 11,236 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Peoples Financial Services by 60.2% during the third quarter. Stifel Financial Corp now owns 12,308 shares of the financial services provider’s stock valued at $577,000 after purchasing an additional 4,627 shares during the last quarter. Institutional investors and hedge funds own 31.67% of the company’s stock.

Peoples Financial Services Company Profile

Peoples Financial Services Corp. operates as the bank holding company for Peoples Security Bank and Trust Company that provides various commercial and retail banking services. The company accepts money market, negotiable order of withdrawal, savings, individual retirement, demand deposit, and certificates of deposit accounts.